QS 4-14 (Algo) Preparing a statement of owner's equity LO C1 1. Clancy owns Clancy Consulting On December 31 of the prior year, the J. Clancy, Capital account balance was $29,500. During the current year, Clancy invests an additional $16,900 in assets, but withdrew $14,800 cash. Clancy Consulting reports net income of $35,800 for the current year. Prepare a statement of owner's equity for Clancy Consulting for the current year ended December 31